
No matter the circumstances, divorce is one of the most difficult experiences a person goes through. The division of property can be complex, overwhelming, and contentious. Having the counsel of an experienced Laguna Niguel property division lawyer can help ease this burden and provide peace of mind.
Douglas A. Hatherley has been working for years to represent the people of Southern California across a range of family law issues. His vigorous representation has garnered a reputation for reliability and trust amongst his clientele. He has likewise been recognized by the legal community for his quality representation, earning him a listing as a leading Orange County attorney in Doyle’s Guide and recognition as a Super Lawyer. *
Between 2023 and 2024, there were over 8,800 cases of marital filings involving dissolutions and legal separations within Orange County, most of which will include the division of property.
Under the California Family Code, property division laws follow “community property” guidelines. This means that any assets acquired during the marriage are considered jointly owned. If there aren’t prenuptial or postnuptial agreements addressing the division of property, upon divorce, these assets are subject to an equal split between the spouses.
As long as they were obtained during the duration of the marriage, assets which might fall under community property include assets such as income, real estate, vehicles, retirement accounts and pensions, as well as investments and ownership in businesses.
In the Golden State, divorcing couples are required by law to disclose their assets during divorce proceedings. Failing to do so, or any other kind of misconduct, such as falsifying financial information, may lead to a loss of rights to equal division and other penalties.
Assets that fall outside of community property are considered “separate.” In property division cases, these assets are typically acquired before the marriage or after the official separation date. However, there are other instances where an asset may be considered separate during property division. These may include:
There are additional circumstances that affect what property is considered jointly owned. If a prenuptial agreement was made in compliance with the law, courts will respect the division of assets according to its framework. Another exception is domestic violence. If serious domestic violence was inflicted by a spouse on another, the victim may be entitled to assets usually considered community property if the abuse has affected their ability to earn money or caused financial loss.
Equal division of community property applies regardless of who purchased the actual item and who earned the money to do so. Likewise, if property is in the name of an individual spouse but acquired during a marriage, it is considered jointly owned. The date of separation is crucial to determining whether or not an asset is to be divided or is individually owned.
Debts acquired during the marriage are also split evenly between the two spouses, even if they are in the name of only one of the spouses. Some examples include mortgages, vehicles, taxes, and credit cards.
The division of property in divorce can be quite contentious. The dedicated legal team at The Hatherley Law Firm, Inc. can provide knowledgeable and skilled guidance in the process of asset division. Whether assisting with the filing of paperwork, obtaining proper disclosure of assets, or providing counsel on tax implications, Mr. Hatherley is prepared to stand by your side.
Having an experienced Laguna Niguel property division attorney can help you through the complexities of the process to achieve equity while safeguarding your rights and interests. Having spent extensive time litigating at the Lamoreaux Justice Center, Mr. Hatherley understands the local legal landscape and is prepared to leverage his experience to defend your interests.
Whether your spouse is entitled to property in your name or not is determined by whether the asset is considered “community property.” In California, all assets, including real estate, obtained during the marriage are considered community property and, therefore, subject to equal division. That means that if you bought a house while you were married, even if it is in your name and obtained with your money, your spouse may be entitled to half.
A property division lawyer is essential to effectively navigate asset division during divorce. When you hire a property division lawyer, you obtain an advocate who can counsel you through complex legal issues, act as a safeguard against financial misconduct, and help you achieve an equitable distribution of the assets you are entitled to.
There are several categories of assets that are not divided during a divorce in California. Assets obtained outside the duration of a marriage are considered “separate property” and are not subject to community property division. In addition, income generated from property considered separate property, gifts obtained while married, and inheritance left to a spouse, are all exempt from the 50/50 division applied to jointly owned property.
There are mistakes to avoid making during the property division of a divorce. This includes failing to disclose financial information during the divorce process or lying about asset valuation. Ignoring court orders during divorce proceedings can likewise lead to severe consequences, including losing the right to certain assets during property division.
The division of property during a divorce can be a difficult process, but it is important to remember you are not alone. Approximately 7.6% to 13.3% of the residents in Laguna Niguel have recently experienced divorce.
With his extensive experience with property division in Laguna Niguel, Douglas A. Hatherley is prepared to represent your interests and advocate on your behalf. Contact The Hatherley Firm, Inc., today, to learn how we can help you.
*Awards and recognition are not guarantees of future results. Selection criteria vary by organization.
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